UAE's Strata and Spain's Acitturi sign MoU

Strata, the advanced composite aerostructures manufacturing company, wholly owned by Mubadala Development Company, and Aciturri Aeronautica, a tier 1 supplier for aeronautic industry OEM’s, have signed an MoU to collaborate on contributing to the advancement of the global aerospace sector by strengthening vital supply chain capabilities and bi-lateral ties between Spain and the United Arab Emirates.

The MoU was signed at the Global Manufacturing and Industrialisation Summit, GMIS 2017, by Badr Al Olama, CEO of Strata, and Gines Clemente Ortiz, CEO of Aciturri.

Under the MoU, Strata and Aciturri will consider new opportunities to strengthen their presence in the global aerospace supply chain, including collaboration for shared resources and capabilities.

Both companies will leverage their strengths in technology, human capital and existing knowledge of aero-structures to further advance their competitive advantage within one of the most high-tech and innovative sectors in the world. The potential partnership will also explore the viability of new commercial capabilities and the possible establishment of a new facility located overseas.

The partnership will look to explore potential opportunities for work transfer and sub-contracting of existing work packages that align with each company’s vision based on current business capabilities and technology roadmap.

"The MoU will unlock and deliver ideas between the two companies for new technologies and R&D services that will drive value for all," said Al Olama following the signing ceremony.

"The collaboration also has the promise to expand our production line capacity that will help us support the work package orders that have already been placed by Strata’s global manufacturer partner network for the delivery of more complex and larger scale aero structures," he added.

Commenting on the signing of the MoU, Ortiz said, "After 40 years working for the aeronautic industry we believe that providing solutions for the challenges posed by a globalised industry require collaboration agreements between firms with a universal strategy."